ACIT, CC-1(2), Kolkata v. Fort Projects Pvt. Ltd
[Citation -2019-LL-0925-49]
| Citation | 2019-LL-0925-49 |
|---|---|
| Appellant Name | ACIT, CC-1(2), Kolkata |
| Respondent Name | Fort Projects Pvt. Ltd. |
| Court | ITAT-Kolkata |
| Relevant Act | Income-tax |
| Date of Order | 25/09/2019 |
| Assessment Year | 2010-11 |
| Judgment | View Judgment |
| Keyword Tags | tax effect • recalling order • mistake apparent |
| Bot Summary: | CIT Respondent by Shri S. M. Surana, Advocate Date of Hearing 20/09/2019 Date of Pronouncement 25/09/2019 ORDER Per Dr. A. L. Saini This is a miscellaneous application filed by the Revenue praying to recall the order of the Tribunal dated 04/09/2018. The case of the Revenue in this MA is that tax effect involved in this appeal is Rs. 22,57,020/- which is more than prescribed limit laid down by CBDT. Therefore, order should be recalled. Counsel for the assessee submitted before us that as per section 115JB, the total tax liability comes to Rs. 11,62,365/- which is below Rs. 20,00,000/- therefore, order is not erroneous and it should not be recalled. Having gone through the above computation of tax effect, we are of the view that tax effect is less than Rs. 20,00,000/- therefore order passed by the Tribunal does not contain any apparent mistake. In the result, the Miscellaneous Application of the Revenue is dismissed. Order is pronounced in the open court on 25.09.2019. |